Virginia Called The Most Financially Literate State
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The Old Dominion is the most money wise state in the country, according to personal finance website Wallethub.
Their researchers compared the 50 states and D.C. using 17 metrics to find out who was most financially literate. The metrics were grouped into three dimensions: Financial Planning & Habits, Financial Knowledge & Education, and “WalletLiteracy Survey” scores.
Virginia is the most financially literate state in the country, followed by Utah and Colorado. Virginians scored particularly high in the area of “Financial Planning & Habits,” where the state was first in the nation. This category involves metrics related to credit scores, spending habits, credit card habits, and savings.
Neighbor North Carolina placed tenth in financial literacy.
Top Ten Most Literate States
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Researchers compared the country’s 100 largest cities on 37 metrics from such categories as financial security, schools, health, and safety.
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